An ISA (or Individual Savings Account) is a popular, tax advantaged way of saving.
Whether you're aiming for something specific - like a special holiday or a deposit for a property - or just interested in putting something away for your future, an ISA is the foundation for many savers.
There are three types of ISA. Cash ISA, Innovative Finance ISA and Stocks & Shares ISA. Our ISA is the Stocks & Shares type, which means you invest your money hoping to benefit from investment growth over the longer term.
There are agreed limits set by the Government regarding how much you can invest into your ISA(s). For the 2016/17 tax year, the limit is £15,240 in total which can be invested into your ISA(s), which can be split between a Stocks and Shares ISA, an Innovative Finance ISA and a Cash ISA. You can only put money into one Stocks and Shares ISA, one Innovative Finance ISA and one Cash ISA in a tax year.
If you’re a tax payer and you’ve got investments it makes sense to hold them in an ISA. Read about the tax advantages below.
Our award winning servicing team, online administration platform and flexible product features mean the Alliance Trust Savings ISA Account delivers everything you would expect. And more.
Higher rate taxpayer?
If your marginal rate is 40% or 45%, as there’s no income tax to pay on income from your ISA the tax savings for you can be significant.
If you are 18 or over and resident in the UK you can apply for a Stocks & Shares ISA. You must hold it in your own name and you can only pay in to one Stocks & Shares ISA each tax year.
We don’t accept applications by or on behalf of any US Persons.
You can save up to £15,240 into an ISA in the 2016/17 tax year. This can be split between a Cash ISA, an Innovative Finance ISA and a Stocks & Shares ISA if you want. The amount you can invest in an ISA(s) will rise to £20,000 in the 2017/18 tax year.
We charge you flat Account fees rather than fees based on a percentage of the value of your investment. So, as your investments grow, your Account fees won’t.
Visit our charges page to find out more about the flat fee difference.
A big question to ask yourself is what are you saving for and how long do you have to save? People who set a goal save faster than those who do not. So whatever you are saving for University fees, deposit for a home, a dream vacation or all of these reasons - make your mind up how much you can afford to save each month and get started.
Setting specific savings goals will help you to begin saving money.
When you have decided what you are saving for and how much you can afford to save this will determine the timeline it will take for you to reach your goal. Alternatively if the timeline is set, you will need to determine how much you need to save each month in order to reach it. (Our savings calculator can help you getting started)
Set up a regular payment so that this happens automatically and benefit from our regular dealing options.
Regularly check your progress and take action if you go off course and remember you can always change your plan if your circumstances change.
Alliance Trust Savings Limited is a subsidiary of Alliance Trust PLC and is registered in Scotland No. SC 98767, registered office, PO Box 164, 8 West Marketgait, Dundee DD1 9YP; is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, firm reference number 116115. Alliance Trust Savings gives no financial or investment advice.